Rhode Island Business Plan Competition
Public records show a registered, tax-exempt organization in good standing.
What it says it does
BUSINESS COMPETITION FOR STUDENTS & ENTREPRENEURS
- Income
- $74,258
- Spending
- $67,249
- Reserves
- 0.4 months of spending
- Largest source of income
- donations and private grants, 100%
Source: Form 990EZ for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 34 out of 100. Higher than 10% of charities in its peer group (community improvement, under $250k).
Reserves
4 of 35Spendable reserves would cover 0.4 months of spending.
Debt
5 of 20It owes 69% of what it owns.
Living within its means
15 of 15Income exceeded spending by 9% of income.
Source: Form 990EZ for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $67,249 spent. DURING FISCAL YEAR 2025, THE RHODE ISLAND BUSINESS COMPETITION: - CONDUCTED A STATEWIDE CALL FOR APPLICATIONS FROM RHODE ISLANDBASED ENTREPRENEURS - RECEIVED 34 APPLICATIONS, CONTINUING A STEADY INCREASE IN APPLICANTS SINCE THE COVID PERIOD- SELECTED THREE FINALISTS FROM A POOL OF OVER 30 APPLICANTS TO PARTICIPATE IN THE FINAL COMPETITION AND PITCH EVENT- CONVENED AN AWARDS CEREMONY HELD AT CIC, SUPPORTED BY BUSINESS LEADERS, SPONSORS, AND COMMUNITY PARTNERS- ENGAGED JUDGES FROM PROFESSIONAL SERVICES, INVESTOR, NONPROFIT, AND INNOVATION ORGANIZATIONS TO EVALUATE FINALISTS-AWARDED MORE THAN $70,000 IN CASH AND PRIZES, INCLUDING IN KIND PROFESSIONAL SERVICES, TO SUPPORT BUSINESS DEVELOPMENT AND COMMERCIALIZATION EFFORTS
Source: Form 990EZ for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2006.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.